Uniper Reaches Employee Agreements After Closure of Fortum Deal
July 16 2020 - 9:11AM
Dow Jones News
By Giulia Petroni
Uniper SE said Thursday that it has reached an agreement with
representatives from unions to guarantee employees' stability and
job security.
The German utility said existing collective and company
agreements have been extended until the end of 2026, with an
additional two-year extension option, and that it would adhere to
existing collective bargaining agreements at the company's European
locations. Finland's Fortum Oyj completed a deal to become Uniper's
majority owner earlier this year.
Uniper also said Dusseldorf would remain its headquarters at
least for the duration of the agreement and that the current number
of employees would remain generally stable at its central European
locations.
The agreement comes as Uniper focuses increasingly on a
decarbonized energy supply, committing to closing down German
hard-coal power plants by 2025.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 16, 2020 08:56 ET (12:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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